Tesla Stock Continues to Climb
If you are in search of a stock to invest in that is currently on the rise despite facing some recent challenges, look no further than the technologically advanced Tesla. Always innovating and proving that they are way ahead of the competition, Tesla hardly ever disappoints when it comes to their products, and investors are ready to give them more money to work with, thanks to the recent release of the company’s first quarter earnings that beat expectations and predictions.
Some Losses, but Still Up
Even though the company actually posted a small loss in their earnings, the total was still higher than analysts had predicted. To be more specific, Tesla reported that they lost 36 cents per share on their earned $1.1 billion for the first quarter of the year.
This is actually good news because analysts and experts were anticipating that Tesla would end up posting a greater loss of around 50 cents per share. And they also predicted lower overall earnings at around $1.04 billion. But they were clearly wrong, and the small loss that Tesla did suffer is not scaring investors away.
Increased Production Anticipated
What differentiates Tesla from other automobile manufacturers is the fact that they have the latest designs and the most advanced concepts and technology for electric vehicles that are not just great looking, but also powerful. The company is also the owner of its service and sales network. And as more people become more eco-conscious and the more they want to save money on gas for their cars, the more they are turning to electric vehicles, especially the luxurious and sporty options found in the Tesla range.
The latest in car tech: Tesla S model electric car?
In addition to greater profits, Tesla is also planning on rolling out even more vehicles as the year progresses. While the company was able to deliver 10,045 Model S cars throughout the first quarter of 2015 alone, which was pretty close to the forecasted 10,030 cars that experts were thinking would be delivered, Tesla is ready to make 12,500 cars for the second quarter.
A New Battery
Shares of the Tesla stock were able to rise once again, despite dipping down recently, thanks to its announcement of a new battery as well. Just last week, the business unveiled its plans for a stationary battery for small businesses and homes. The company made news and got people talking, and the new technology could serve as a wise investment for traders who are not scared to take risks and who believe in Tesla’s overall growth.
After-Hours Trading Success
Tesla Motors’ shares rallied in after-hours trading on Wednesday, May 6, 2015. They increased by 3.61%, reaching a total of $238.74, thanks to the first quarter earnings report. So even though the company has definitely faced its challenges, it did exceed expectations, and investors recognize that.
If you want to make smart investments into companies like Tesla, just remember to track stock and trading news and use order management professionals, such as Broadridge order management, to make the best decisions. In the meantime, consider giving Tesla a try.
Guest Author: Lolita Di
